Currency News

EUR/USD with slight daily losses after Fitch Ratings decision about US rating

The euro traded slightly lower against the US dollar on Wednesday, after Fitch ratings agency said that it could reduce the AAA rating of the United States, with policymakers continuing debates on nations debt limit in order to avert a potential default. EUR/USD slipped to a session low at 1.3506 at 1:30 GMT, after which […] Read more

NZD/USD advanced to one-month highs after NZ consumer inflation

New Zealand dollar rose to its highest point in one month against the US counterpart, after a report showed that consumer inflation in New Zealand accelerated at the fastest pace in two years, fomenting speculations that the central bank will consider an increase in borrowing costs. NZD/USD reached a session high at 0.8408 during the […] Read more

EUR/USD fell to two-week lows on optimism over US debt deal

The euro lost positions against the US dollar on Tuesday, falling to its lowest point in two weeks, due to optimism that Senate leaders in the United States will resolve the fiscal standoff and avert a potential default. EUR/USD slid to a session low at 1.3480 at 10:45 GMT, also the pairs lowest level since […] Read more

GBP/USD remained steady after UK set of data

British pound traded steadily against the US dollar on Tuesday, following the consumer price inflation report out of the United Kingdom and amid hopes that the fiscal standoff in the United States will be resolved soon, as the time for action was short. GBP/USD briefly touched a session high at 1.6007 at 8:30 GMT, after […] Read more

USD/JPY preserved losses with an agreement on the US budget in focus

US dollar fell to lower levels against the Japanese yen on Tuesday, despite hopes that US policymakers were about to reach an agreement on the US budget as soon as today, that would raise the debt ceiling and end the already 15-day government shutdown. Having reached a session high at 98.71 during the Asian trade […] Read more

EUR/USD steady as agreement on the US fiscal matter was seen closer

The euro was trading steadily against the US dollar on Tuesday, as US Senate leaders were poised to reach an agreement today, which would bring the fiscal standoff to a halt, as the deadline for action was drawing closer. EUR/USD reached a session high at 1.3571 at 6:55 GMT, after which consolidation followed at 1.3564, […] Read more

AUD/USD advanced after the minutes by RBA

Australian dollar rose for a fifth day on Tuesday against the US peer, reaching levels unseen since June, following the release of the minutes of Reserve Bank of Australias (RBA) meeting on October 1st and as stock markets signaled optimism that US Senate debates on raising the country’s debt ceiling were moving closer to a […] Read more

EUR/USD preserved gains as the US political deadlock continued to persist

The euro managed to preserve its daily gains against the US dollar on Monday, as political deadlock in the United States continued and the nation was nearing a potential default on its obligations. EUR/USD reached a session high at 1.3598 at 12:45 GMT, after which consolidation followed at 1.3593, gaining 0.39% for the day. Support […] Read more

USD/CHF lower as the US fiscal impasse still weighed

US dollar was losing ground also against the Swiss franc on Monday, as market focus was set on the continuing budget worries in the United States and the potential loss of authority for the country to pay its debt obligations, with all that weighing on the greenback. USD/CHF fell to a session low at 0.9093 […] Read more

NZD/USD on 2.5-week highs on US stalemate

New Zealand dollar climbed to its highest point in two and a half weeks against the US peer on Monday, as the greenback was pressured due to continuing budget deadlock in the United States. NZD/USD hit a session high at 0.8378 at 8:05 GMT, also the pairs highest point since September 23rd, after which consolidation […] Read more